you know my philosophy on stock market is always price/volume is your first indicator, everything else is secondary ... including economic numbers ...

Stock market is a discounting mechanism of the future, not the present ... price/vol are always ahead of macro economic indicators. You can talk a load of how bad the economic numbers are ... or you can show extreme enthusiasm on economic knowhows ... In the end ... you can't base on the economic information today to RELIABLY infer the market direction tomorrow ... The reason is SIMPLE. Stock market is always ahead.

Always react to the market, not predict the market. Always know what the market is doing and react accordingly.

Will the market crap out on Monday? Sure, if it does, simply hit eject button ...

On BORN, this is a very speculative stock ... your big money should never be put in this kind of momo stocks ... I am holding my shares ... there is no reason to sell ... you cut loss should be put around 9.65 area if you are conscious about preserving capital or 9 area like I do if you want to ride a momo stock to the fruition ..._________________http://www.thewallstreetoperator.blogspot.com/

Market needs a rest and we get one. To shake some trees to get excess and froth out is always a good thing ... I don't see urgent selling. Nasdaq vol, taking out 100Million on ADBE, should come in lower than yesterday ... to me, today is not a distribution day ....

With Nasdaq 100 taking the lead and broadending growth leaders making the new highs, this rally could have legs

Market usually turns when it is least expected. When everyone was thinking market could turn ugly in the late August when S&P-500 hang dearly above the important 1040 support level, it followed though with conviction to the upside on Sept 1st.

Since September 1st, Nasdaq has run up 12%, followed by Russell 2000 11%, SP-500 and NYSE 9%; Dow Jones 8%. Nasdaq 100 is the strongest running up 15% with fund managers continue to pump money into the most liquid names. All major indices close above their corresponding Aug high, bolting the market to a solid intermediate uptrend.

Top notched growth stocks are running hot with big cap growth leaders, such as AAPL, BIDU, PCLN making all time highs. Leadership are broadening with participation from various industry group such as Leisure, retail, computer software, computer hardware, internet, telecom, construction machinery, fertilizer. Semi conductors are playing a catch up game while the financials are continue to labor. The negative divergence from the financials will eventually come back to haunt the market.

In Livermore's book, he often talks about Wall Street Suckers. One suckers' play is to short the high flyers in a bull market. In finance discussion board, I see people start to short NFLX, AMZN etc. If you do, you better think twice. The following stocks, which I own, have very big short interest. Those who short these are the ones being screwed to provide the fume to stocks' vicious price gains when the trend turns solidly higher,

Short interest:
EBIX: 40% (11 million out of 27 million float)
NFLX: 30% (12.5 million out of 40.8 million float)
ARUN: 29% (17.7 million out of 61.2 million float)
GMCR: 20% (22 million out of 108 million float)
CMG: 13% (3.9 million out of 30.2 million float)

With Nasdaq 100 taking the lead and broadending growth leaders making the new highs, this rally could have legs

Market usually turns when it is least expected. When everyone was thinking market could turn ugly in the late August when S&P-500 hang dearly above the important 1040 support level, it followed though with conviction to the upside on Sept 1st.

Since September 1st, Nasdaq has run up 12%, followed by Russell 2000 11%, SP-500 and NYSE 9%; Dow Jones 8%. Nasdaq 100 is the strongest running up 15% with fund managers continue to pump money into the most liquid names. All major indices close above their corresponding Aug high, bolting the market to a solid intermediate uptrend.

Top notched growth stocks are running hot with big cap growth leaders, such as AAPL, BIDU, PCLN making all time highs. Leadership are broadening with participation from various industry group such as Leisure, retail, computer software, computer hardware, internet, telecom, construction machinery, fertilizer. Semi conductors are playing a catch up game while the financials continue to labor. The negative divergence from the financials will eventually come back to haunt the market.

In Livermore's book, he often talks about Wall Street Suckers. One suckers' play is to short the high flyers in a bull market. In finance discussion board, I see people start to short NFLX, AMZN etc. If you do, you better think twice. The following stocks, which I own, have very big short interest. Those who short these are the ones being screwed to provide the fume to stocks' furious price gains when the trend turns solidly higher. Don't short the high fliers, stupid!

Short interest:
EBIX: 40% (11 million out of 27 million float)
NFLX: 30% (12.5 million out of 40.8 million float)
ARUN: 29% (17.7 million out of 61.2 million float)
GMCR: 20% (22 million out of 108 million float)
CMG: 13% (3.9 million out of 30.2 million float)